Bank of America Boosts Mondelez International (NASDAQ:MDLZ) Price Target to $65.00

Mondelez International (NASDAQ:MDLZ) had its target price upped by stock analysts at Bank of America from $62.00 to $65.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective suggests a potential upside of 10.17% from the company’s current price.

A number of other analysts have also recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Argus upgraded Mondelez International to a “hold” rating in a research report on Thursday, February 12th. Stifel Nicolaus dropped their price target on Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Mizuho dropped their price target on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research report on Thursday, January 8th. Finally, Sanford C. Bernstein dropped their price target on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research report on Wednesday, February 18th. Thirteen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.28.

Mondelez International Stock Down 0.2%

Mondelez International stock opened at $59.00 on Friday. The stock has a market capitalization of $75.63 billion, a PE ratio of 31.38, a price-to-earnings-growth ratio of 2.51 and a beta of 0.37. Mondelez International has a 12 month low of $51.20 and a 12 month high of $71.15. The business has a 50 day simple moving average of $58.69 and a 200-day simple moving average of $57.92. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Insider Activity at Mondelez International

In related news, EVP Gustavo Carlos Valle sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the completion of the sale, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Institutional Trading of Mondelez International

Several large investors have recently made changes to their positions in the company. J.Safra Asset Management Corp acquired a new position in Mondelez International during the fourth quarter worth $25,000. Advocate Investing Services LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in Mondelez International during the 3rd quarter worth about $27,000. Kemnay Advisory Services Inc. acquired a new position in Mondelez International during the 4th quarter worth about $28,000. Finally, Richardson Financial Services Inc. lifted its stake in Mondelez International by 141.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after acquiring an additional 282 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.